M/I Homes (NYSE:MHO) Downgraded by StockNews.com to “Hold”

M/I Homes (NYSE:MHO) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities analysts have also recently issued reports about the stock. Raymond James reiterated a “strong-buy” rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a research note on Thursday. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Stock Up 1.3 %

M/I Homes stock opened at $130.14 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. M/I Homes has a fifty-two week low of $109.92 and a fifty-two week high of $176.18. The firm has a fifty day moving average price of $143.92 and a two-hundred day moving average price of $153.38. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 6.97 and a beta of 2.29.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.54% and a return on equity of 19.94%. As a group, analysts forecast that M/I Homes will post 19.83 earnings per share for the current year.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by company insiders.

Institutional Trading of M/I Homes

Institutional investors have recently bought and sold shares of the stock. Truist Financial Corp lifted its holdings in shares of M/I Homes by 1.4% during the second quarter. Truist Financial Corp now owns 6,219 shares of the construction company’s stock valued at $760,000 after acquiring an additional 87 shares during the period. Arkadios Wealth Advisors lifted its holdings in M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock valued at $296,000 after purchasing an additional 90 shares during the last quarter. Huntington National Bank boosted its position in M/I Homes by 0.6% in the third quarter. Huntington National Bank now owns 16,714 shares of the construction company’s stock valued at $2,864,000 after buying an additional 105 shares in the last quarter. Signaturefd LLC grew its stake in M/I Homes by 49.4% during the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after buying an additional 117 shares during the last quarter. Finally, Bay Rivers Group increased its holdings in shares of M/I Homes by 2.7% during the fourth quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock worth $653,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.